Man Group plc Takes $9.03 Million Position in DoubleVerify Holdings, Inc. $DV

Man Group plc purchased a new stake in DoubleVerify Holdings, Inc. (NYSE:DV) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 832,692 shares of the company’s stock, valued at approximately $9,026,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of DV. Quantbot Technologies LP bought a new stake in DoubleVerify during the 2nd quarter valued at $27,000. Quadrant Capital Group LLC grew its position in shares of DoubleVerify by 154.5% during the 4th quarter. Quadrant Capital Group LLC now owns 2,458 shares of the company’s stock worth $28,000 after buying an additional 1,492 shares in the last quarter. UMB Bank n.a. grew its position in shares of DoubleVerify by 124.3% during the 4th quarter. UMB Bank n.a. now owns 2,757 shares of the company’s stock worth $32,000 after buying an additional 1,528 shares in the last quarter. Bayforest Capital Ltd bought a new stake in shares of DoubleVerify in the second quarter valued at about $36,000. Finally, Clearstead Advisors LLC raised its holdings in shares of DoubleVerify by 81.2% in the fourth quarter. Clearstead Advisors LLC now owns 3,724 shares of the company’s stock valued at $43,000 after acquiring an additional 1,669 shares in the last quarter. Institutional investors own 97.29% of the company’s stock.

DoubleVerify Price Performance

Shares of DV stock opened at $13.37 on Friday. DoubleVerify Holdings, Inc. has a 1-year low of $7.64 and a 1-year high of $16.44. The stock’s 50-day moving average is $11.90 and its 200 day moving average is $10.72. The company has a market cap of $2.07 billion, a P/E ratio of 37.14, a PEG ratio of 1.45 and a beta of 0.98. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.50 and a quick ratio of 4.50.

DoubleVerify (NYSE:DV) last announced its earnings results on Thursday, August 6th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.11. The business had revenue of $193.79 million during the quarter, compared to the consensus estimate of $202.23 million. DoubleVerify had a net margin of 7.66% and a return on equity of 8.77%. The firm’s revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.05 earnings per share. Research analysts predict that DoubleVerify Holdings, Inc. will post 0.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on DV shares. Nomura set a $13.60 price objective on shares of DoubleVerify in a research note on Friday, August 7th. Weiss Ratings restated a “sell (d+)” rating on shares of DoubleVerify in a report on Friday, July 17th. The Goldman Sachs Group upped their price target on shares of DoubleVerify from $10.50 to $12.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. BMO Capital Markets set a $13.60 price objective on shares of DoubleVerify in a research note on Friday, August 7th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $13.60 price objective on shares of DoubleVerify in a report on Friday, August 21st. Two analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $13.95.

DoubleVerify Company Profile

DoubleVerify, Inc is a leading digital media measurement and analytics company that helps advertisers, publishers and platforms ensure their digital advertising campaigns are viewable, fraud-free and brand-safe. The company’s platform integrates data science, machine learning and proprietary analytics to authenticate the quality of media across display, video, mobile, CTV and social channels. By delivering real-time insights into ad viewability, fraud detection and contextual relevance, DoubleVerify empowers marketers to optimize campaign performance and drive better return on ad spend.

At the core of DoubleVerify’s offering are solutions for viewability measurement, invalid traffic (IVT) detection, brand safety and suitability, contextual targeting and campaign performance analytics.